|Брекситът няма да промени нищо. Много се вълнувате.|
|UK FCA looking at raising financial compensation to £1m|
Alongside the EU, the UK financial regulator sets a compensation amount for people who lose money when firms go bust, say a bank. The limit used to be £85k but that was revised down in the 5 yearly review. The lower amount was due to an adjustment in the currency vs the EU limit set.
Not they've announced they are looking into raising it to £1m. That is a huge jump and well way up and beyond what would be on offer in Europe. If it fully encompasses foreign investors then that's a big insurance for folks who park their money over here.
Here's the reasons;
•FCA want the scheme to better reflect risks
•Wants to widen scope of scheme in asset management
•Wants to include Lloyds of London in a retail scheme
•Scheme must not be first line of defence
|Brexit trade deal could take 10 years, says UK's ambassador|
|UK PM May has been attending the European Council summit in Brussels|
The headline didn't come from May herself, who left the meeting without making comment, but Irish PM Enda Kenny revealed what Mrs May had told them, saying:
"She would like to have the question of UK citizens living in Europe and European citizens living in the UK dealt with in the early part of discussions that take place."
Kenny also said the Irish Republic would not sign a bilateral deal with the UK and the UK had to agree its future relationship with the EU first.
After Mrs May's departure, the 27 other EU leaders met informally for 20 minutes to discuss their approach to Brexit negotiations.
They agreed that European Commission official Michel Barnier will lead talks for the EU - although MEPs are said to want a greater say.
European Council president Donald Tusk said the "short, informal meeting" had:
"reconfirmed our principles, meaning the indivisibility of the four freedoms, the balance of rights and obligations and the rule 'no negotiations without notification'".
European Parliament president Martin Schulz has warned that negotiations could be vetoed if MEPs are not fully involved.
|позаглъхна тази тема, а интересни неща стават.|
Sir Ivan Rogers' letter to staff in full
We do not yet know what the government will set as negotiating objectives for the UK's relationship with the EU after exit.
Serious multilateral negotiating experience is in short supply in Whitehall, and that is not the case in the Commission or in the Council.
As I have argued consistently at every level since June, many opportunities for the UK in the future will derive from the mere fact of having left and being free to take a different path.
But others will depend entirely on the precise shape of deals we can negotiate in the years ahead.
Contrary to the beliefs of some, free trade does not just happen when it is not thwarted by authorities: increasing market access to other markets and consumer choice in our own, depends on the deals, multilateral, plurilateral and bilateral that we strike, and the terms that we agree.